Hundreds of millions migrate from one place to another yearly. The reasons can vary: weather, work, family situation, or trying to change something in your life.
Some states can get a residence permit and even citizenship based on investment in the country. People may live on the country's territory, while the country's authorities can invest money in properties. The most popular destinations for many immigrants are regions with warm climates, namely Turkey and the Caribbean islands.
The law allowing someone to stay in Turkey for money legally was passed not long ago, in 2017. The minimum investment for participation in the program starts at $400,000, which is a fairly affordable amount for foreigners.
Such favorable terms for obtaining Turkish citizenship in purchasing real estate caused interest among foreigners. Vladlena Baranova, an expert of the Immigrant Invest agency, said that in recent years, billions of dollars have been added to the state budget thanks to foreign deposits.
The “Caribbean Gold Passport” generally refers to a passport issued by one of these countries:
St. Kitts and Nevis;
Antigua and Barbuda;
Dominica.
St. Lucia;
Grenada
St. Lucia citizenship by investment is particularly popular. The minimum investment is $100,000 and is used for financial investments only. To get citizenship for investment, you must pay at least $200,000. This is ideal for those who want to move to a country where summer lasts forever but have a limited budget.
A detailed comparison of requirements, processes, and investments will help you choose the right country quickly.
Turkish citizenship by investment program to gain citizenship by investment is freely available for purchasing $500,000 or more of bonds and government bonds, opening a company and providing 50 jobs for Turkish, and investing in Turkish property objects of US$400,000 or more. The cadastral value of the property reaches the required initial investment. It is possible to invest in any type of property starting from $400,000:
Apartments;
Seaside villa and townhouse;
Commercial sites;
Land plots.
Every new holder of Turkish citizenship gets all the same rights that the native inhabitants of this wonderful country have.
There are two types of investments in Caribbean countries: grants and land purchases. Both should be considered costs of the program, as the issuance of the passport depends on the ability to meet these financial requirements.
The subsidy is the de facto cost of the passport, as you are effectively "giving" money to the state, and the state is issuing citizenship in return. The price, in this case, depends on the number of applicants. Therefore, in each specific case, it is necessary to analyze the available Caribbean golden passports by investment opportunities individually.
You should analyze all the pros to choose between these two countries. Immigrant Invest specialists have examined these features in more detail.
Turkish citizenship | Caribbean Golden Passport |
Visa-free for more than 110 countries around the world; Apply for an E2 visa to apply for a residence permit in the USA; Open a business visa to the UK; Holding dual citizenship, subject to your country's prohibition; Remaining legally in Turkey indefinitely; Get a job without violating Turkish laws; Arrange citizenship for spouses, and children under 18 years of age; Get free education for your children in public schools; Enjoy good medical services for health; Not to experience language barriers, as Turkish, English, Russian, and others are spoken in Turkey. | Low cost. Minimum investment volume – starting from $200,000; Fast operation. Passports are issued in 3–6 months and, in some cases, can be expedited in 60 days; Visa-free entry to over 120 countries. The exact list of countries depends on the country chosen for the citizenship; All countries allow dual citizenship. This means you do not need to renounce your primary citizenship; There is no residence requirement. All countries except Antigua and Barbuda have no minimum length of stay in the country. You can get a passport for all your family members, including your spouse and children. Citizenship also comes from humanity. |
By obtaining residency in the country for the investment of finances, a foreign citizen can enjoy a number of benefits of Turkish citizenship or the benefits of Caribbean Golden Passport.
Many people wonder how to choose the right country to immigrate in the near future. To avoid making mistakes and wasting your savings, you should first go to the country you want to move to for a few weeks. Try spending time there and see what is written online. Don't forget to think about the future: find out about kindergartens, schools, hospitals and possible jobs. Ensure to select the best option.
